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Oct 7, 2012 10:30am EDT
over $250,000 per year, we should go back to the rate we had when bill clinton million new jobs. we created a lot ofby doing that we can not only only encourage job growth through small businesses, but we can make the necessary energy. we have a difference when it business. under my plan, 97% of small 3% would be burdened. definition, there are are small businesses. donald trump is a small business. he does not like to think of himself as small anything. that is how you define small- that kind of approach will not grow our economy because the only way to pay for it without burdening the middle class or blowing up our deficit is to make drastic cuts in things like education, making sure that we are investing in basic science and research. everything that is helping america grow. that would be a mistake. >> just for the record -- we are over our first 15 minutes. we are still on the economy. we will come back to taxes. we will move on to the deficit. 97% of the businesses are notthose businesses in the last 3% employ half of the people who work in small business. they have employed on
Oct 7, 2012 6:30pm EDT
to matter at some point, as bill clinton has said it bit convention. she would cut taxes by $4.1 trillion and cut spending by $360 billion. should cut taxes by 12 times the rate should cut spending. that's why the university of connecticut says it's a recipe for disaster on the deficit. >> your campaign has talked a great deal about middle-class tax cuts. not so much about poverty or issues of economic inequality. connecticut is a very well the state but our state capital, a recent report noted half of all children live in poverty. bridgeport, new haven, waterbury are not that far behind. what is your campaign doing to address poverty issues? are there any party programs that are off-limits from budget cuts? -- any poverty programs off limits from budget cuts? >> i absolutely believe we have to have a safety net in place to take care of those people who can't take care of themselves. they did not opt to be in this situation. we are a benevolent nation that we want to take care of those who can't take care of themselves. however, i think the best way out of poverty is to have a job. i want
Oct 6, 2012 10:00am EDT
happens if we do? think of 1995. we have a government shut down. newt gingrich/bill clinton -- once the government shut down, the pressure on both sides was so intense. the pressure if we go into january will be far greater because the economic consequences and the market consequences are more significant. i think it is inconceivable that if we go into january, there won't be a solution in january or early february at the latest. there has to be a settlement, somebody will have to blink, probably both sides. i talk a little bit to people in financial markets in the york. i would think the market would react to all of this. if there is a deal in a few weeks and any deal clearly will make retroactive to january 1 those tax cuts that will continue to remove sequestration, then i am being told that in the interim, the damage will not be that significant. for fiscal hawks, many of us have been saying for years -- when we get this solved? when the market has intense pressure on it. i will just end where i was near the beginning. mark zandi wrote that ideally policy makers will navigate ar
Oct 7, 2012 2:00pm EDT
accomplishments. wrote the crime bill, put 100,000 cops on the street, wrote the violence against women act, which john mccain voted against both of them, was the catalyst to change the circumstance in bosnia, led by president clinton, obviously. look, i understand what it's like to be a single parent. when my wife and daughter died and my two sons were gravely injured, i understand what it's like as a parent to wonder what it's like if your kid's going to make it. i understand what it's like to sit around the kitchen table with a father who says, "i've got to leave, champ, because there's no jobs here. i got to head down to wilmington. and when we get enough money, honey, we'll bring you down." i understand what it's like. i'm much better off than almost all americans now. i get a good salary with the united states senate. i live in a beautiful house that's my total investment that i have. so i -- i am much better off now. but the notion that somehow, because i'm a man, i don't know what it's like to raise two kids alone, i don't know what it's like to have a child you're not sure is going to --
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